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Precious metals: gold prices drop slightly

17/05/2024
Categories: Raw materials

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After recording consecutive gains in the previous two sessions, gold prices fell slightly in Pakistan on Friday, in line with the fall in the international rate. On the local market, the price of gold per tola stood at Rs 245,000 after a loss of Rs 600 in a single day

.

The 10-gram gold was sold at Rs210,048 after a drop of Rs514, according to rates shared by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA). The international gold price fell on Friday. According to the APGJSA, the rate was set at $2,384 per ounce (with a $20 premium) after a $6 drop during the

day.

Meanwhile, silver prices remained stable at Rs 2,730 per tola. Last month, gold hit a record high of Rs252,200 per tola on the local market

.
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